All the headlines from our Casualty Topic Page, ordered by recency.
Apr 23 2004 // Standard & Poor’s Ratings Services announced the affirmation of its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co. (Avemco), U.S. Specialty...
Apr 23 2004 // Oklahoma Insurance Commissioner Carroll Fisher announced that officials with Physicians Liability Insurance Co. (PLICO) and Hospital Casualty Co. have signed agreements placing the two companies under formal supervision by...
Apr 22 2004 // Penn National Insurance of Harrisburg, Pa. is issuing $50 million in surplus notes of Pennsylvania National Mutual Casualty Insurance Company. Bear, Stearns & Co. Inc. will serve as the sole bookrunning manager for...
Apr 20 2004 // Bermuda’s XL Capital Ltd. announced that it plans to enter the market for primary casualty risk management programs for major U.S. corporations. The company also announced the launch of an Excess Workers Compensation...
Apr 16 2004 // Standard & Poor’s has recently enhanced its criteria for evaluating the loss reserves of global reinsurance groups and certain non-U.S. insurance groups writing casualty business, according to a recently...
Apr 14 2004 // Zurich, North America reports that the board of the Casualty and Surety Club of New York has elected William J. Casey, Jr., vice president of Zurich’s Northeast region, as its new president. Casey served as the...
Apr 14 2004 // ACE Casualty Risk, a unit of ACE USA – the U.S.-based retail operating division of The ACE Group of Companies – has introduced a new Casualty Premises Pollution program designed to offer general liability and...
Apr 8 2004 // Fairfield, Ohio-based insurer Ohio Casualty Corp. has announced the resignation of Senior Vice President and Chief Investment Officer Richard B. Kelly, effective April 16, 2004. Kelly, 49, joined Ohio Casualty in 1986 as...
Apr 2 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on U.K.-based commercial and cargo lines writer CNA...
Apr 1 2004 // San Diego-based insurance brokerage Insurex Inc. and Oakland, Calif.-based Frontier General announced the release of a new workers’ compensation product in California with ACE Casualty Risk, a division of ACE USA....
Apr 1 2004 // Insurity Inc., a ChoicePoint company, announced that Georgia Casualty & Surety, a wholly-owned subsidiary of Atlantic American, has selected Insurity’s Commercial Intellisys’ property/casualty policy...
Mar 31 2004 // United Fire & Casualty Company announced it will close its New Orleans Regional Office and consolidate its business with that of the company’s regional office in Galveston, Texas.All of the office’s...
Mar 30 2004 // With signs of improvement on the horizon for the property/casualty market in Alabama, Insurance Commissioner Walter Bell recently set aside time to talk with Insurance Journal Southeast about conditions in the...
Mar 30 2004 // Germany’s Hannover Re Group joined Swiss Re and General Re in reporting a very successful 2003. The world’s fourth largest reinsurer posted net income of 354.8 million euros ($43I million) compared to 267.2...
Mar 26 2004 // San Francisco-based Liability Management Systems, LLC, a member of the FSC Group, announces the expansion of its risk and loss management practice with the addition of casualty claims consultation to serve the insurance...
Mar 26 2004 // New York-based ACE Casualty Risk, a division of ACE USA, announced the launch of its Energy Excess Casualty Practice, which provides “a comprehensive package of insurance products and services focusing on...
Mar 23 2004 // Alea Group Holdings (Bermuda) Ltd., a global reinsurance and specialty insurance company, has named Mark L. Ricciardelli as Group President and Chief Operating Officer, effective immediately.As President and COO, he will...
Mar 17 2004 // A.M. Best Co. announced that it has downgraded the financial strength ratings to “A-” (Excellent) from “A” (Excellent) of the U.S. based property/casualty insurance subsidiaries of Winterthur Swiss...
Mar 15 2004 // Stephen S. Marcum, 46, has announced that he will not seek re-election as a member of the board of directors of the Fairfield-based insurer Ohio Casualty Corp. He will step down effective April 21, 2004, at the...
Mar 10 2004 // Standard & Poor’s has revised its counterparty credit and financial strength ratings on Florida-based Cumberland Casualty & Surety Co. (CCS) to ‘R’ from ‘Bpi’.This rating action was...